India's Economic Boom: $5 Trillion Economy by 2027, $4 Lakh Per Capita Income Soon
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News18•19-01-2026, 22:57
India's Economic Boom: $5 Trillion Economy by 2027, $4 Lakh Per Capita Income Soon
- •India is projected to become a $5 trillion economy in the next two years, surpassing Japan and Germany by 2028 to become the world's third-largest economy, according to SBI Research's 'Ecowrap' report.
- •The average per capita income of Indians is estimated to reach 4 lakh rupees in the next four years, significantly improving the standard of living.
- •India's economic growth accelerated remarkably, reaching $4 trillion by 2025 after taking 60 years to hit the first $1 trillion mark.
- •The country's growth rate from 2014-2024 remained in the 95th percentile globally, indicating sustainable and robust progress.
- •India aims to achieve 'Upper Middle Income' status by 2030 and 'High Income' status by 2047 with a consistent 7.5% annual growth rate.
Why It Matters: India is on a rapid economic growth trajectory, aiming for a $5 trillion economy and higher per capita income soon.
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